CAE (NYSE:CAE) Price Target Lowered to $40.00 at Royal Bank Of Canada

CAE (NYSE:CAE) (TSE:CAE) had its target price decreased by Royal Bank Of Canada from $41.00 to $40.00 in a report issued on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the aerospace company’s stock.

Several other equities analysts have also issued reports on the company. Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reissued a “hold (c)” rating on shares of CAE in a research note on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Finally, TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and an average price target of $34.33.

CAE Trading Up 0.4%

NYSE CAE traded up $0.09 during mid-day trading on Thursday, reaching $26.41. 786,057 shares of the stock were exchanged, compared to its average volume of 573,345. The stock has a market cap of $8.49 billion, a P/E ratio of 28.71, a P/E/G ratio of 2.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. CAE has a one year low of $20.36 and a one year high of $30.13. The stock has a 50 day simple moving average of $27.77 and a 200-day simple moving average of $27.43.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. CAE had a return on equity of 7.92% and a net margin of 8.70%.The firm had revenue of $897.99 million during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company posted $0.24 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts anticipate that CAE will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in CAE by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 300,522 shares of the aerospace company’s stock worth $7,390,000 after acquiring an additional 5,108 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in shares of CAE by 6.5% in the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company’s stock worth $443,000 after purchasing an additional 1,099 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of CAE by 49.7% during the 1st quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company’s stock valued at $419,000 after buying an additional 5,659 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of CAE by 2.1% during the 1st quarter. TD Asset Management Inc now owns 1,574,426 shares of the aerospace company’s stock valued at $38,703,000 after buying an additional 31,697 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CAE by 2.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company’s stock worth $1,803,000 after buying an additional 2,062 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.